Sr Compensation Analyst

Summary

Responsible for leading various compensation programs and/or supporting HR partners, business leaders, and employees across various departments throughout the entire compensation lifecycle.

Primary Duties & Responsibilities:

• Maintains internally equitable and consistent salary administration and determines job levels and pay structures through job evaluation process.
• Partners in the design, implementation, and administration of compensation programs unique to assigned business areas.
• Collaborate with Business HR teams on development and maintenance of job creation, job classification, salary/pay grades, and job descriptions in accordance with internal standards and market prevalence.
• Lead enterprise salary survey strategy. Ownership of end-to-end survey administration process, including utilization analysis, budget review, participation, and results.
• Lead compensation programs from end-to-end. Develop project plans, communications, training, analysis, and influence change management and process improvement across various HR teams.
• Manages partnership with various HR teams such as talent acquisition, employee relations, and/or HR analytics.
• Lead annual marketing pricing review process by creating the project plan, developing communications & resources, analyzing data, and partnering with broader compensation team, HR, and the business to execute data-driven recommendations.
• Relationship manager and internal subject matter expert for market pricing tool vendor.
• Analyzes market data using mathematical modeling (regression analysis, linear modeling, etc). Analyzes competitive position for total comp, short and long-term incentives.
• Makes recommendations to compensation leadership team on salary range movement, market adjustments, and adjustments to competitive pay programming.
• Other duties as assigned.

Qualifications

• Bachelor's degree in business, human resources, finance, math or equivalent degree.
• Minimum of 5 years compensation experience including experience with job evaluations, market pricing, and leading various compensation programs throughout entire lifecycle.
• Experience consulting to HR partners and business leaders on compensation practices and programs.
• Exceptional analytical and mathematical skills.
• Strong business acumen to include knowledge in current and future practices, trends and information affecting the business and organization.
• Demonstrated ability to apply knowledge across complex business areas.
• Proven ability to build a strong rapport with people at all levels of the organization and influence without authority.
• Demonstrated ability to integrate among the various Human Resources disciplines.
• MBA in business or related field or CCP (Certified Compensation Professional) designation desirable

Northwestern Mutual pays on a geographic-specific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity as well as the cost of labor in the market; and other conditions of employment. At Northwestern Mutual, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. Please note that the salary range listed in the posting is the standard pay structure. Positions in certain locations (such as California) may provide an increase on the standard pay structure based on the location. Please c lick here for additional information relating to location-based pay structures.

We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

If you work or would be working in California, Colorado, New York City, Washington or outside of a Corporate location, please click here for information pertaining to compensation and benefits.

We're excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and commitment to diversity and inclusion.

• Flexible work schedules
• Concierge service
• Comprehensive benefits
• Employee resource groups